TD Asset Management Inc. Has $933.24 Million Holdings in Sun Life Financial Inc. (NYSE:SLF)

TD Asset Management Inc. lowered its holdings in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,725,658 shares of the financial services provider's stock after selling 9,202 shares during the quarter. Sun Life Financial comprises about 0.8% of TD Asset Management Inc.'s investment portfolio, making the stock its 26th largest position. TD Asset Management Inc. owned 2.50% of Sun Life Financial worth $933,239,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SLF. Natixis Advisors LLC grew its holdings in Sun Life Financial by 13.3% during the 3rd quarter. Natixis Advisors LLC now owns 43,246 shares of the financial services provider's stock worth $2,509,000 after acquiring an additional 5,086 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Sun Life Financial by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,580,531 shares of the financial services provider's stock valued at $91,778,000 after purchasing an additional 79,155 shares in the last quarter. Cerity Partners LLC raised its position in Sun Life Financial by 88.9% in the 3rd quarter. Cerity Partners LLC now owns 29,815 shares of the financial services provider's stock worth $1,730,000 after purchasing an additional 14,034 shares during the last quarter. Independent Advisor Alliance lifted its holdings in Sun Life Financial by 14.6% during the 3rd quarter. Independent Advisor Alliance now owns 14,382 shares of the financial services provider's stock worth $834,000 after buying an additional 1,828 shares in the last quarter. Finally, DRW Securities LLC bought a new position in Sun Life Financial in the 3rd quarter valued at $354,000. Institutional investors own 52.26% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on SLF. StockNews.com lowered Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. National Bank Financial upgraded shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research report on Wednesday, January 15th. Finally, Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Sun Life Financial Price Performance

SLF traded down $0.50 during mid-day trading on Friday, hitting $56.64. The stock had a trading volume of 297,288 shares, compared to its average volume of 686,322. The stock's fifty day simple moving average is $56.69 and its 200-day simple moving average is $57.96. The firm has a market capitalization of $32.33 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 1.52 and a beta of 1.04. Sun Life Financial Inc. has a 1-year low of $46.41 and a 1-year high of $62.85.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.30. Sun Life Financial had a return on equity of 16.86% and a net margin of 8.08%. As a group, research analysts expect that Sun Life Financial Inc. will post 5.19 earnings per share for the current fiscal year.

Sun Life Financial Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th will be issued a $0.5876 dividend. This represents a $2.35 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Wednesday, February 26th. Sun Life Financial's dividend payout ratio (DPR) is presently 60.16%.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.